CANCOM SE — Board/Management Information 2001

Aug 16, 2001

News Details

Ad-hoc | 16 August 2001 08:52

Pironet AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Management board change – 2nd quarter sees company break even Cologne. August 16, 2001 – PiroNetAG, Cologne-based software producer in ontent management, has released satisfying figures for the second quarter of this year. When presenting the company’s latest interim report today, its management board chairman and founder Mehrdad Piroozram also announced his retirement from the company as of 31 August 2001. Upon his proposal, Mr. Hans-Werner Scherer, who already chaired the PiroNet AG management board when the company successfully introduced its IPO, will become his successor as of 1 September 2001. Besides appointing Mr. Scherer as new management board chairman, the company’s supervisory board also nominated Mr. Felix Hoger who already was member of management board as its deputy chairman. Mr. Piroozram, who will in future remain related to PiroNet AG as a consultant and major shareholder, is leaving a well-performing company to his successor. This is proved by the figures for the first six months of this year showing sales of Euro 12.2 m (Euro 10.7 m in the first year-half, 2000) and a net result of Euro -0.8 m (-0.9 m last year). Following a bad start in the first quarter of this year, the second quarter saw PiroNet AG achieve a balanced result and a positive cash flow of Euro 0,5 m. The company’s liquid funds reached Euro 30.2 m at mid-year, representing 62 % of its balance amount total at this date and a capitalisation of Euro 2.07 per share. The company’s latest interim report can be loaded down under http//: www.pironetndh.com/ir. The Board of Management For further information, please contact: PiroNet NDHAG Investor Relations Josef-Lammerting-Allee 14-18 D-50933 Cologne Phone: 49.221.770 1150 Fax: 49.221.770 1155 e-mail; ir@pironet-ndh.com Internet: http//: www.pironet-ndh.com/ir end of ad hoc announcement (c) DGAP 16.08.2001 ——————————————————————————– WKN: 691640; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 160852 Aug 01